Risk
Once again, CU’s annual focus on technological developments within the Canadian property and casualty insurance industry has come about…and guess what, after trying to figure out the various “half steps forward”, “six steps to the side”, minus a “quarter degree turn here” and a final “twist and turn there”, I still cannot decide whether any […]
By Sean van Zyl, Editor | January 31, 2001
4 min read
Ed Martingano, president of the Ontario Chapter of the Risk and Insurance Management Society (ORIMS), welcomed about 430 guests to the chapter’s annual Seasonal Luncheon last month. The event, held at the Arcadian Court of the Bay Queen Street Store in downtown Toronto, featured a charity art raffle and silent auction.
December 31, 2000
1 min read
We are surrounded by sophisticated technology at prices that seemed impossible a few years ago. Yet, the majority of property and casualty insurers continue to operate expensive and outmoded legacy-type computer systems. Internet-based technologies, combined with computer telephony integration (CTI), have opened up new doors in both time and cost savings for financial service providers […]
By Ivor Kaye of Grantech Systems Inc. | December 31, 2000
3 min read
The recent advancement of outsourcing within the property and casualty insurance industry – which today has seen the breadth of functions affected ranging across the various areas of the business compared with the past’s narrow application to the investment management and non-core areas of operations – prompted the Office of the Superintendent of Financial Institutions […]
By David Carr | December 31, 2000
7 min read
Insurers look to the bottom-line
By Vikki Spencer | December 31, 2000
6 min read
Insurance coverage for intentional acts — specifically sexual abuse allegations — has been one of the most contentious areas of insurance law over the past five years. The controversy has pitted some of Canada’s oldest and most respected religious and charitable institutions against the insurance industry, as churches and not-for-profit organizations seek insurance coverage for […]
By William Blakeney, a senior partner of Blakeney Henneberry Baksh | December 31, 2000
In the past several years we have seen a movement in the Canadian property and casualty insurance industry toward the U.S. model of adjusting claims and handling claims management through third-party administrators (TPAs). In line with this trend, the days of conducting all investigations in person seem to be fading fast with increased focus on […]
By Ed Doyle, general manager at Gallagher Bassett Canada Inc. | December 31, 2000
5 min read
There are few industries in the world that can flow though an individual’s arteries like the business of insurance. The philosophies have been passed down for hundreds of years from generation to generation. But, as the world of risk transforms, modern day insurers need to prepare for a new approach to risk management. “Thou shall […]
The cost of risk in Canada rose by more than half this year to an average of $2.88 per $1,000 of revenue compared with 1999’s $1.74 per $1,000 revenue, according to the latest Risk & Insurance Management Society (RIMS) and Ernst & Young Benchmark survey of risk managers in the U.S. and Canada. In contrast […]
2 min read
With most reinsurers adamant that a tough stand will be taken in the upcoming annual treaty negotiations, CU went to the "frontline" to establish a broker perspective of the market mood. Tom Hopkinson, president of Guy Carpenter's Canadian operations, expects the following:
By Vikki Spencer | November 30, 2000
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